Flashcards
Diamond Model
Cards in this deck (17)
- 1Population
- 2Technology
- 3Real Interest Rate
- 4Wage per unit of effective worker
- 5Individual Utility Function
- 6Income (Budget Constraint)
- 7Consumption in Period 1
- 8Savings Rate
- 9Dynamics of Capital
- 10Dynamics of Capital per unit of effective labor
- 11Dynamics of Capital per unit of effective labor with a Logarithmic Utility Function and Cobb-Douglas Production Function
- 12Dynamic InefficiencyWhenever f'(k)=r>n=f'(k_GR), the economy is dynamically inefficient.
- 13Steady-State Value of Capital per unit of effective worker (Log U and CD PF)
- 14f'(k*) (Log U and CD PF)
- 15Golden Rule (Log U and CD PF)
- 16Comparing f'(k*) with f'(k_GR) (Log U and CD PF)
- 17Introducing Government Into Dynamics of Capital per unit of effective labor (Log U and CD PF)
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- Flashcards on Diamond Model, created by Peter Hazlett on 19/10/2018.
- Created by
- Peter Hazlett
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